MEMC Electronic Materials First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component MEMC Electronic Materials, Inc. (NYSE:WFR) will unveil its latest earnings on Wednesday, May 9, 2012. Memc Electronic Material manufactures and sells silicon wafers that are used primarily in semiconductor and solar energy technologies.

MEMC Electronic Materials, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for a loss of 15 cents per share, up from profit of 9 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from a loss of 6 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at a loss of 15 cents during the last month. Analysts are projecting profit to rise by 53.1% compared to last year’s 15 cents.

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Wall St. Revenue Expectations: Analysts are projecting a decline of 40.4% in revenue from the year-earlier quarter to $496.4 million.

Analyst Ratings: Analysts seem relatively indifferent about MEMC Electronic Materials with 10 of 17 analysts surveyed maintaining a hold rating.

A Look Back: In the fourth quarter of the last fiscal year, the company swung to a loss of $1.48 billion ($6.46 a share) from a profit of $12.6 million (5 cents) a year earlier, but beat analyst expectations. Revenue fell 15.6% to $717.8 million from $850.1 million.

Key Stats:

On the top line, the company is looking to get back on the right track after last quarter’s drop snapped a string of revenue increases. Revenue rose 68.1% in the first quarter of the last fiscal year, 66.3% in the second quarter of the last fiscal year and 2.6%in the third quarter of the last fiscal year before dropping in the fourth quarter of the last fiscal year.

Stock Price Performance: Between February 7, 2012 and May 3, 2012, the stock price fell $1.67 (-32.4%), from $5.15 to $3.48. The stock price saw one of its best stretches over the last year between September 9, 2011 and September 16, 2011, when shares rose for six straight days, increasing 6.6% (+44 cents) over that span. It saw one of its worst periods between July 25, 2011 and August 8, 2011 when shares fell for 11 straight days, dropping 39.3% (-$3.23) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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